It notes that the ruling aims to clarify whether the formation of a limited liability company determined the exception from Section 721, a ruling that bestows tax-free status on transfers to partnerships. It indicates that within this rule, a limited liability company is prompted with a lower ...
8805 - Foreign Partner’s Information Statement of Section 1446 Withholding Tax General eFileIT 8621 - Passive Foreign Investment Company or Qualified Electing Fund General eFileIT 8881 - Credit for Small Employer Pension Plan Startup Costs, Auto-Enrollment, and Military Spouse Participation ...
For example, if the partner claims a credit for foreign taxes paid by the partner, the partner may need certain information from the partnership to complete Form 1116. This change in the “Who Must File” section of the instructions caught many tax return preparers by surprise, as...